Dealings in Securities by Directors Accelerate Property Fund Limited (Incorporated in the Republic of South Africa) Registration number: 2005/015057/06 Share code: APF ISIN: ZAE000185815 (“Accelerate” or “the Company”) (Approved as a REIT by the JSE) Dealings in Securities by Directors In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are hereby advised of the following dealings in securities of Accelerate: Name of director: Andrew Costa Name of company: Accelerate Nature of transaction: On-market sale of shares for tax matters Date of transaction: 5 March 2018 Number of securities: 455 937 shares Class of securities: Ordinary shares Price per security: R5.45 Total value of the transaction: R2 484 856.65 Extent of interest: Direct beneficial Name of director: John Paterson Name of company: Accelerate Nature of transaction: On-market sale of shares for tax matters Date of transaction: 5 March 2018 Number of securities: 577 518 shares Class of securities: Ordinary shares Price per security: R5.45 Total value of the transaction: R3 147 473.10 Extent of interest: Direct beneficial Clearance for these transactions was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Fourways 8 March 2018 Sponsor The Standard Bank of South Africa Limited Date: 08/03/2018 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.